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Real Estate

Tokenized property market poised to reach $3.2 trillion by 2030

A recent report from Boston Consulting Group (BCG) announced the tokenized property market is projected to reach $3.2 trillion by 2030.
Real Estate

Housing market expected to rebound by 2025 amid falling mortgage rates and renewed consumer confidence

A September 17 report from Norada predicted a significant rise in home sales for 2025, with estimates suggesting that 5.4 million homes could be sold, marking a notable increase from the 2024 projections.

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Real Estate

California increases auto insurance minimums effective January 2025

A new law in California, Senate Bill 1107, mandates an increase in the minimum limits of motor vehicle liability insurance coverage. This change affects private passenger autos, commercial businesses, and recreational vehicles. The law will be implemented starting January 1, 2025.

Real Estate

State Farm responds swiftly with aid following Hurricanes Helene and Milton

State Farm has responded to the devastation caused by Hurricanes Helene and Milton, prioritizing the safety of those affected. The company has mobilized agents and employees to assist customers and communities impacted by the storms.

Real Estate

State Farm prepares for Hurricane Milton with support measures

State Farm has announced its readiness to assist customers affected by Hurricane Milton. The insurance company emphasizes its commitment to supporting policyholders during challenging times, offering guidance and assistance beyond standard coverage.

Real Estate

California's insurance market faces challenges amid rising costs and outdated regulations

State Farm, a prominent insurer in California since 1928, is navigating the state's challenging insurance market. The company supports California's Sustainable Insurance Strategy and efforts by the California Department of Insurance (CDI) to implement it.

Real Estate

State Farm awards $1 million in grants to volunteer fire departments

State Farm has announced the recipients of its Good Neighbor Firefighter Safety Program grants, awarding $1 million to 100 volunteer fire departments. Each department will receive a $10,000 grant to purchase equipment aimed at enhancing safety, communications, and operations. Volunteer firefighters constitute over 65% of all firefighters in the United States and are crucial in protecting communities, particularly in small towns and rural areas.

Real Estate

State Farm addresses hurricane Helene aftermath with aid and customer support

State Farm has reported receiving approximately 96,300 claims following the impact of Hurricane Helene across 14 states. The claims predominantly involve auto damage due to flooding and rising waters, as well as homeowner claims related to wind damage. Georgia, South Carolina, Florida, and North Carolina have the highest number of claims.

Real Estate

State Farm reports decline in odds of hitting animals while driving

Data released by State Farm indicates that the odds of U.S. drivers hitting an animal this year are 1 in 128, a slight decrease from last year's 1 in 127. State Farm, the largest car insurer in the U.S., estimates over 1.8 million auto insurance claims involving animal collisions were filed across the industry from July 1, 2023, to June 30, 2024.

Real Estate

State Farm aids Maui wildfire recovery with financial support and resources

In the wake of the 2023 Maui Wildfires, State Farm has been actively involved in aiding recovery efforts for affected policyholders and the broader community. The wildfires, which began on August 8, 2023, caused significant damage across Maui, including the historic town of Lahaina. According to NBC News, over 2,200 buildings were damaged, more than 2,000 acres of land were affected, and 102 lives were lost.

Real Estate

State Farm mobilizes response team for Hurricane Francine

State Farm is prepared to respond to Hurricane Francine, with the State Farm Catastrophe Team deploying to the Gulf Coast for a strategic response. Team members will be on-site to assist residents during their initial recovery efforts.

Real Estate

Gaming stars win State Farm Gamerhood Season 3: Neo City

BLOOMINGTON, Ill., (July 17, 2024) — The world’s first “all things gaming” neighborhood has returned with a new look and feel for season 3, set in the futuristic and cyberpunk-inspired Neo City.

Real Estate

State Farm partners with NBCUniversal to support diverse small businesses

Valencia Giles always had a passion for music growing up and later discovered she had the gift of teaching. Together with her husband, Ozzie, they started the award-winning Lawrenceville-Suwanee School of Music in Metro Atlanta. A small business that began with 30 students now serves more than 1,200. They run two schools and are looking to add a third.

Real Estate

State Farm activates response team after Hurricane Debby

The State Farm mobile workforce trained to handle catastrophe claims is activating their on-site response for Hurricane Debby. Helping the residents of the impacted areas is the first critical step on the road to recovery.

Real Estate

State Farm pre-funds $2.5 million in disaster response grants

With August marking the beginning of the peak hurricane season, State Farm has pre-funded $2.5 million in disaster response grants. The allocation includes $2 million to the American Red Cross, $250,000 to Convoy of Hope, and $250,000 to Midwest Food Bank. These funds are intended to support immediate disaster response efforts by these community non-profits.

Real Estate

State Farm launches third season of 'Gamerhood' with futuristic theme

State Farm® has announced the return of its "Gamerhood" series for a third season, this time set in the futuristic and cyberpunk-inspired Neo City. The series, which has garnered multiple awards, brings together prominent figures from streaming and entertainment to compete in various gaming challenges under the guidance of Jake from State Farm. The ultimate prize is the key to Neo City and a $100,000 charitable donation to the winning team's designated charity.

Real Estate

State Farm mobilizes catastrophe team after Hurricane Beryl hits Texas

State Farm has mobilized its catastrophe claims workforce in response to Hurricane Beryl, which made landfall as a Category 1 hurricane near Matagorda, Texas early Monday morning with sustained winds of 80 mph. The company’s initial efforts are focused on assisting residents in the impacted areas.

Real Estate

State Farm partners with UTD to prepare students for workforce

State Farm and the University of Texas at Dallas (UTD) have collaborated to prepare students for the workforce. This partnership aims to equip students with the necessary skills and knowledge for their future careers.

Real Estate

Tips on protecting your home from lightning strikes

In 2023, the United States experienced a total of 242 million lightning flashes, as reported by the 2023 Annual Lightning Report by Vaisala Xweather. State Farm paid out nearly $230 million for over 18,000 lightning-related claims in the same year, averaging just over $18,000 per claim.

Real Estate

State Farm deploys resources to aid New Mexico wildfire victims

State Farm has expressed concern for those affected by the South Fork and Salt fires in central New Mexico. The company extends its support to all individuals and communities impacted, including firefighters, first responders, and volunteers working to contain the fires.